Agri-commodity: Cardamom, chana fall; refined soya oil rises
PTI|
Updated: Nov 07, 2017, 01.26 PM IST
Commodity Summary MCX
| CARDAMOM |
Cardamom prices dropped by 4 per cent to hit lower circuit at Rs 885.40 per kg in futures trade today as speculators booked profits at prevailing levels amid easing demand at the spot market.
At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 36.80, or 4 per cent to Rs 885.40 per kg in a business turnover of 18 lots.
Similarly, the spice for delivery in December contracts shed Rs 5.60, or 0.60 per cent to Rs 922 per kg in 63 lots.
Analysts said besides profit booking by participants at existing levels, fall in demand in the physical market against adequate stocks position on higher supplies from producing regions, mainly led to decline in cardamom prices at futures trade.
Refined soya oil
Refined soya oil prices rose further by 0.20 per cent to Rs 703.60 per 10 kg in futures market today as participants engaged in enlarging positions, tracking a firm trend at spot market on surging demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December traded higher by Rs 1.40, or 0.20 per cent to Rs 703.60 per 10 kg with an open interest of 38,260 lots.
Likewise, the oil for delivery in November gained Rs 1.20, or 0.17 per cent to Rs 692.10 per 10 kg in 20,140 lots.
Analysts said expanding of positions by traders on the back of strong demand in the physical market against tight stocks position on restricted supplies from producing belts mainly kept refined soya oil prices higher at futures trade.
Chana
Chana prices drifted further down by 1.06 per cent to Rs 4,672 per quintal in futures trading today after participants reduced positions, driven by muted demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, chana for delivery in December was trading lower by Rs 50, or 1.06 per cent to Rs 4,672 per quintal with an open interest of 29,030 lots.
In a similar fashion, the commodity for delivery in November declined by Rs 36, or 0.74 per cent to Rs 4,861 per quintal in 19,540 lots.
Market analysts said offloading of positions by traders owing to slackened demand in the physical market against sufficient stocks position on increased supplies from growing regions, mainly kept chana prices lower at futures trade.
At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 36.80, or 4 per cent to Rs 885.40 per kg in a business turnover of 18 lots.
Similarly, the spice for delivery in December contracts shed Rs 5.60, or 0.60 per cent to Rs 922 per kg in 63 lots.
Analysts said besides profit booking by participants at existing levels, fall in demand in the physical market against adequate stocks position on higher supplies from producing regions, mainly led to decline in cardamom prices at futures trade.
Refined soya oil
Refined soya oil prices rose further by 0.20 per cent to Rs 703.60 per 10 kg in futures market today as participants engaged in enlarging positions, tracking a firm trend at spot market on surging demand.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December traded higher by Rs 1.40, or 0.20 per cent to Rs 703.60 per 10 kg with an open interest of 38,260 lots.
Likewise, the oil for delivery in November gained Rs 1.20, or 0.17 per cent to Rs 692.10 per 10 kg in 20,140 lots.
Analysts said expanding of positions by traders on the back of strong demand in the physical market against tight stocks position on restricted supplies from producing belts mainly kept refined soya oil prices higher at futures trade.
Chana
Chana prices drifted further down by 1.06 per cent to Rs 4,672 per quintal in futures trading today after participants reduced positions, driven by muted demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, chana for delivery in December was trading lower by Rs 50, or 1.06 per cent to Rs 4,672 per quintal with an open interest of 29,030 lots.
In a similar fashion, the commodity for delivery in November declined by Rs 36, or 0.74 per cent to Rs 4,861 per quintal in 19,540 lots.
Market analysts said offloading of positions by traders owing to slackened demand in the physical market against sufficient stocks position on increased supplies from growing regions, mainly kept chana prices lower at futures trade.
